Intel Revenue Falls For Q2 But Beats Analysts’ Estimates

By John Heerdink LinkedIn

Intel Corporation (INTC) reported its Q2 earnings on Thursday last week and confirmed that revenue fell by 3 percent in comparison to the same period last year. However, Intel managed to beat analysts’ estimates for its major business segments. Earnings per share of $1.06 were reported beating analysts’ estimates of 89 cents per share. Revenue of $16.51 billion was reported versus analysts’ expectations of $15.70 billion. Revenue of $8.84 billion was reported for the company’s major business segment, the Client Computing Group which includes desktop and notebook PC chips. Intel’s Data Center Group, offering server processors generated $4.98 billion in revenue beating estimates of $4.89 billion by FactSet analyst consensus.

“Trade uncertainties created anxiety across our customers’ supply chain and drove a pull-in of client CPU orders into the second quarter,”, “We also halted shipments to certain customers in response to the U.S. government’s revised entity list. After a thorough review, we were able to resume shipments of some products in compliance with regulations, and the net impact on the second quarter was limited.” stated Intel CEO Bob Swan.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Intel rises on earnings beat and optimistic forecast

Intel reported declining revenue but still beat analysts’ estimates for the second quarter…

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